Payroll is a necessary evil of running a business. It's non revenue producing, it's not exciting but yet it's essential to keeping employees happy and maintaining a good standing with the IRS. Tailored Solutions knows that payroll is the driver behind almost all employee administration. Health insurance, child support, dental insurance, retirement savings, all come out of payroll. In addition to the employee side of payroll there is the employer side. Wages are used to calculate worker's compensation premium, and employer taxes that are owed.
With so much ridding on payroll Tailored Solutions has access to integrated solutions that provide "no cost" best in class payroll service as a means to provide pay as you go workers compensation. In most cases that ends up being a direct cost savings to business owners who are already outsourcing payroll. Recent studies find that over 75% of small businesses outsource payroll. So why not link your payroll and worker's compensation together to create efficiencies and eliminate that end of year audit.
Our Partner PEO’s produces a comprehensive, standard payroll report package each period payroll is processed.
- Invoice Billing Statement
- Payroll Journal (Gross to net pay report of employee earnings less taxes and deductions).
- Detail Cost Report by Department with Summary by Department (Employer cost report with line item costs by employee
- Check Register
- Time Sheet
- Job Costing Reports
- Departmental Reporting